Cummins EVP shifts $569K from 401(k) stock fund

Cummins Inc. executive Bonnie J. Fetch reported an internal retirement-plan transfer rather than an open-market trade.

Rhea-AI Filing Summary

Cummins Inc. executive Bonnie J. Fetch reported an internal retirement-plan transfer rather than an open-market trade. She made a discretionary move of $569,234.47 out of the Cummins Stock Fund in the company 401(k) plan, with the filing estimating this at about 947.9657 common shares using a $600.48 closing price.

Because the fund is a unitized account mixing mostly Cummins stock with some cash, the exact share count is not known. After this transfer, her estimated indirect 401(k) interest corresponds to about 642.8227 shares, alongside direct holdings of 10,332 common shares and 752 stock options.

Insider Trade Summary

Discretionary: 947.9657 shares

Discretionary 3 txns

Insider Fetch Bonnie J

Role EVP & President - Operations

Type	Security	Shares	Price	Value
Discretionary	Common	947.9657	$600.48	$569K
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 642.8227 shares (Indirect, By 401(k) Plan); Stock Option (Right-to-Buy) — 752 contracts (Direct); Common — 10,332 shares (Direct)

Footnotes (2)

1. F1. The reporting person made an intra-plan transfer of $569,234.47 out of the Cummins Stock Fund under the Company's 401(k) Plan. The number of shares reported was estimated by dividing the dollar amount transferred by $600.48, which was the closing price on the date of the transaction. Because the Cummins Stock Fund is a unitized account, the actual number of shares and share price is not known.
2. F2. The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cummins (CMI) EVP Bonnie J. Fetch report in this Form 4?

Bonnie J. Fetch reported a discretionary transfer within her 401(k), moving $569,234.47 out of the Cummins Stock Fund. The move was recorded as a Rule 16b-3(f) discretionary transaction, not as an open-market stock purchase or sale.

Was there a buy or sell of Cummins (CMI) shares by Bonnie J. Fetch?

The filing does not show an open-market buy or sell. It records a discretionary intra-plan transfer in the Cummins 401(k) Stock Fund, where share amounts are estimated because the fund is a unitized mix of stock and cash equivalents.

How was the $569,234.47 401(k) transfer for Cummins (CMI) estimated in shares?

The transfer amount of $569,234.47 was divided by the $600.48 Cummins closing price on the transaction date. This produced an estimated 947.9657 shares, but the exact number is unknown because the Cummins Stock Fund is a unitized account.

What Cummins (CMI) 401(k) holdings does Bonnie J. Fetch report after the transfer?

After the transaction, her interest in the Cummins Stock Fund is reported as about 642.8227 shares on an estimated basis. The filing notes this estimate comes from the plan’s most recent valuation of her 401(k) fund units.

What direct Cummins (CMI) holdings does Bonnie J. Fetch report on this Form 4?

The Form 4 shows 10,332 common shares held directly by Bonnie J. Fetch and 752 stock options as a separate entry. These are reported as holdings, with no explicit buy or sell transaction code attached in this filing excerpt.

Why are Cummins (CMI) share counts in the 401(k) only estimates?

The Cummins Stock Fund in the 401(k) is a unitized account, roughly 98% common stock and 2% cash or equivalents. Because participants hold units, not direct shares, the filing states the precise underlying share count and price cannot be known.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 11:45 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fetch Bonnie J

(Last) (First) (Middle)

500 JACKSON STREET

(Street)

COLUMBUS IN 47201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CUMMINS INC [ CMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & President - Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	02/24/2026		I		947.9657(1)	D	$600.48	642.8227(2)	I	By 401(k) Plan
Common								10,332	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right-to-Buy)	$142.12							04/06/2023	04/06/2030	Common	752		752	D

Explanation of Responses:

1. The reporting person made an intra-plan transfer of $569,234.47 out of the Cummins Stock Fund under the Company's 401(k) Plan. The number of shares reported was estimated by dividing the dollar amount transferred by $600.48, which was the closing price on the date of the transaction. Because the Cummins Stock Fund is a unitized account, the actual number of shares and share price is not known.

2. The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.